Being disciplined when it comes to money is a challenge, but a new year is the perfect time for a reset. Developing new financial habits is easier if you take things one day at a time and allow yourself to grow into them — and give yourself some time.
“Humans are wired to prioritize immediate satisfaction over long-term rewards — it’s a phenomenon called ‘hyperbolic discounting,'” said Jack Howard, head of money wellness at Ally. “Today’s digital world makes that even easier with click-and-buy technology and mindless scrolling that feeds impulsive shopping habits.”
